PCC adopts Fiscal Year 2017-2018 budget

Below is information for the community and the media regarding the College’s finances:

Pima Community College’s Governing Board voted June 14 to approve the College’s fiscal year 2017-2018 budget of $246.1 million, a decrease of approximately $1.7 million, or 0.7 percent, when compared to the current year’s budget of $247.8 million.

The 2017-2018 budget reflects significant progress toward aligning the budget with the priorities of the 2017-2021 College Strategic Plan, as well as the initial stages for implementation of the College’s Educational and Facilities Master Plans. Additionally, the College’s budget takes into consideration enrollment, revenue, and anticipated expenditure limitation concerns through the reduction of more than 100 vacant staff positions, decreasing personnel expenditures by more than $6.0 million.

Since December 2016, the Governing Board has been actively engaged with College administration and the community in preparation for the development and adoption of the 2017-2018 budget. The approved budget includes a 2.5 percent increase to wages and salaries for the fiscal year, as well as an additional $0.5 million allocation for enrollment services and marketing initiatives.

The adopted primary tax levy change will increase the primary tax rate from the levy neutral rate of $1.3484 to a rate of $1.3890 per $100 of assessed valuation. The College’s primary property tax levy will result in a $4 increase to the annual tax bill for a residential home with a full cash value of $100,000. The College’s primary property tax rate continues to be well below the average of its peers.

A presentation made to the Governing Board on Truth in Taxation and Adoption of Fiscal Year 2018 Proposed Budget is available on the College’s website.